Minister says it is part of strategic partnership
The oil rich Gulf State is striving to become a global leader amid efforts aimed at reducing reliance on oil
"In terms of our investments, since the US is now considering the UAE as a strategic partner, and the UAE is reciprocating that by considering the US as a strategic partner, you will see more deals naturally", Al Olama said on the sidelines of an event in Dubai. That partnership comes amid Washington's efforts to hobble Beijing's technological advances, with the United States adding four Chinese companies to an exports blacklist for seeking to acquire AI chips for China's military.
"So we have spoken about with the relevant parties," but there were no concrete plans yet in this regard, the minister said.Amazon.com's cloud division Amazon Web Services earlier in March announced that it will launch data centres in Saudi Arabia in 2026 and plans to invest more than $5.3 billion in the kingdom.
AI Partnerships UAE US Artificial Technology Diversified Energy Mix Nuclear Energy AI Investment Saudi Arabia Amazon Saudi Public Investment Fund PIF Amazon Web Services Data Centres Amazon Investment
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